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B+
NoAgentList RatingHow are grades calculated? Info

$688,000

1516 Ridgewood St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,727 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.19 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Concrete, Wood

Exterior

Lot Size1,494 sqft

Building Information

Year Built2008
Garage Spaces2

Land Information

APN1299490010003
Lot Number3
Land UseResidential
Legal DescriptionLT 3 BLK 1 RIDGEWOOD DEVELOPMENT AMEND
Census Tract410402
Assessed Land Value$164,230
Assessed Improvement Value$435,770
Assessment Year2025

About this property

Welcome home! This lovely 3 bed, 3 ½ bath home, nestled in Montrose, is minutes away from the River Oaks Shopping Center, a park, playground, baseball field, tennis courts AND has lots of character to boast! A spacious secondary bedroom w/full bath & granite counter tops as well as a cozy outdoor patio is on the 1st floor. Have an eye for design? You'll love the old world aesthetic w/designer wallpaper & custom drapes throughout, the concrete stained flooring, ornate iron spindles as well as the granite features on the fireplace. 2nd floor features an open floorpan w/high ceilings, oak floors & close proximity to kitchen w/granite countertops, island, a five-burner gas stove & stainless-steel appliances. Enjoy a movie night in the comfort of your own home with the 4th floor flex space turned media room - projector, leather chairs & media equipment to convey. Schedule your appointment today, you don't want to miss the amazing views of Downtown Houston from the 4th floor deck!

Investor Tools

Property Icon
$688,000
Estimated Property Value
$520,000Estimated Mortgage Balance
$211,353Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,128 /month
Positive
Cash Flow Estimate:
$1,376 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,042/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,060
$600,000
2025
$164,230
$435,770
$600,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,060
$600,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$520,000
No
First
Dec 22, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$476,647
$211,353
30%
69%
$3,118/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$3,118/mo
$-538/mo
4.5%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1516 Ridgewood St | Property Details | No Agent List